Matsushita Electric Industrial (Panasonic) will establish a new plasma display panel (PDP) manufacturing facility in Japan, with a production capacity of 1 million 42-inch panels per month. The plant, which is scheduled to start operations in Amagasaki, Japan, by May 2009, is the fifth plasma display panel manufacturing facility to be set up by Matsushita PDP Company (MPDP), Matsushita’s joint venture with chemicals group Toray Industries.The new plant will involve an investment of about 280 billion yen (US$ 2.3 billion), and the construction is scheduled to start in November this year, Panasonic said Thursday. It added that the new factory will be the largest PDP facility in the world.Matsushita is expanding its PDP production, as it expects that the global market for these displays will grow to 30 million units in 2010 because of the superiority of plasma TVs to other flat-panel TVs in terms of production and cost efficiency, as well as picture quality, the company said. The company expects that with the global digitalization of TV broadcasts, 65 percent of the 200 million global demand for TVs in 2010 will be for flat-panel TVs. The company has also forecasted that more than 30 percent of the demand in 2010 will be for 37-inch or larger flat-panel TVs.-John Ribeiro, IDG News Service (Bangalore Bureau) Check out our CIO News Alerts and Tech Informer pages for more updated news coverage. Related content BrandPost Leadership superpower: Succeeding sustainably As today's great leaders recognize, true success is not solely measured by the bottom line but also by the impact a business has on its stakeholders, including employees, partners, and the environment. By Marie Kalliney, Practice Leader, Digital Transformation Services, Broadcom Mar 28, 2023 5 mins IT Leadership BrandPost Helping the C-suite leverage their network as a business-boosting asset By Tanya O'Hara Mar 28, 2023 3 mins IT Leadership Opinion 5 hard questions every IT leader must answer Strong leadership is vital to IT success — and shouldn’t be taken for granted. Continual self-reflection is essential for knowing whether it’s time to restructure your approach to leading IT. By Thornton May Mar 28, 2023 5 mins Business IT Alignment IT Leadership Feature CIOs address the impact of hybrid work Assessing how some of the most progressive CIOs strive to provide both technological and emotional support for a dispersed workforce. By Pat Brans Mar 28, 2023 8 mins CIO Remote Work Employee Experience Podcasts Videos Resources Events SUBSCRIBE TO OUR NEWSLETTER From our editors straight to your inbox Get started by entering your email address below. Please enter a valid email address Subscribe